Bitcoin lacks ‘sustained momentum’ for new high as traders are hesitant

Bitcoin traders are showing a “lack of follow-through strength” as BTC struggles to break its current all-time high level, says Bitfinex.

Traders are cautious about buying Bitcoin at its current level, as the cryptocurrency is struggling to find the strength to break above its all-time high of $111,970, according to Bitfinex analysts.

“Bulls are hesitant or unable to push prices significantly higher without fresh catalysts or clearer macro signals,” Bitfinex analysts said in a markets report on Tuesday, adding that Bitcoin